November 27, 2016
About the author : I am a Project Manager, Social Media Marketing Guru, Web developing expert, and overall nice guy. My goal is to share my knowledge, wisdom by expanding my territory in the digital age.
There are 30 days left in the year and one of the things people like to do is create some resolutions for the new year. The popular ones are like weight loss, spend more time with family, and probably the most important is dealing with their financial health.
I wished i read this book 20 years ago. It could of made a huge difference in my life. It is written like a parable so there can be different interpretation. There are several different stories of men becoming successful in the ancient city of Babylon.
Some of the stories required me to read it two or three times to truly understand what the message is. The book was written the 1920’s so the language can be difficult to translate to modern English language. The common theme throughout the book is that YOU should be paid first before you pay anyone else. The author calls it FATTEN your Purse first.
From the book, it is my understanding that we are all SLAVES when we are in debt to others. To many people live pay check to pay check just trying to keep their head above the water. Regardless of your situation make sure you pay yourself at least 10% of what you earn.
Here is the LAWS of building Wealth translated for 2016.
Here is some more quotes that i found to be profound.
The author of the book, George Samuel Clason had a very interesting back story. George was born in a small town called Louisiana, Missouri, on November 7, 1874. Upon graduation of High School he went to University of Nebraska. Shortly after graduation he was called for duty in the Army and fought in the Spanish-American War.
George started off his writing career by writing the very first road atlas of both United States and Canada. Then in 1926, He made an agreement with many large banks and insurance companies to distribute a series of pamphlets about saving money and creating a financial success.
That is when I realized that this book had an agenda. The agenda is the promote the idea of savings, it was a basically a promotional book that favored the banks and insurance companies.
These are still great stories even though I understand that this was a sneaky way of convincing you to give money to the companies. You can compare Richest Man in Babylon to a modern day infomercial or a product placement in a reality television show.
I really enjoyed reading the book and I believe should be required reading. I know many people say that these are just common sense, but if that was the case then why is most Americans covered in debt?